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Single Family Rental Property

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by

Nick Foy

on 7 November 2015

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Transcript of Single Family Rental Property

$50,000
Monthly Rent: $800
Rent Percent: 1.6% ($800/$50,000)

$50,000 Purchase Price
($5,000) Down Payment
($45,000) Loan

Annual Rent: $9,600
Loan Payment: $2,900

Income Left: $6,700

Property Tax: $600
Insurance: $1,000
Maintenance: $800
Management: $800

Net Income: $3,500

ROI: 70% ($3,500/$5,000)
$100,000
Monthly Rent: $1,100
Rent Percent: 1.1% ($1,100/$100,000)

$100,000 Purchase Price
($10,000) Down Payment
($90,000) Loan

Annual Rent: $13,200
Loan Payment: $5,800

Income Left: $7,400

Property Tax: $1,000
Insurance: $1,200
Maintenance: $1,100
Management: $1,100

Net Income: $3,000

ROI: 30% ($3,000/$10,000)
Conclusion
Rental Income Property
The 1% rule states that you should rent the property for a monthly rent of 1% or more compared to the purchase price.
Single Family Rental Property
Let's Do Some Math
Purchase Price: $70,000

1% Rule of Rent: $700 minimum / month

1.5% Monthly Rent: $1,050

2% Monthly Rent: $1,400
$80,000 House

$800 Monthly Rent

1% Month x 12 = 12% Annual Gross Rent
Full transcript